Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- An invasion of Ukraine could drive up global food prices and spark unrest far from the front lines
- Should peace not prevail, western-gazing Ukrainians would pay the highest price. But in a worst-case scenario, the cost of a major Russian invasion of Ukraine — one of the world’s largest grain exporters — could ripple across the globe, driving up already surging food prices and increasing the risk of social unrest well beyond Eastern Europe.
- Triggering staggering sanctions, the blow could spike prices and worsen global supply chain woes by tightening markets for commodities including natural gas and metals such as nickel, copper and platinum used in the manufacturing of everything from cars to space crafts.
- Over the past 20 years, bountiful Ukrainian harvests boosted the country’s role as a global breadbasket.
- Should one happen [Invasion], and exports are deeply disrupted, “that would mean big problems for all large food importers, especially in northern Africa, Iran, Sudan, Afghanistan and Egypt. … The risk in all those countries of social unrest increases under this scenario.”
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